Altia continues to grow based on financial muscle. After announcing on July 18 that it was acquiring Wairbut for 5.4 million euros, it now faces the summer with a high-flying operation: it will invest 24 million euros in the acquisition of Bilbomática.
Since its foundation in 1988, the Basque company has specialized in the digital transformation of the public sectorin areas such as public administration, environment, health, tourism, innovation, industry, social welfare, utilities and energy, among others.
It has extensive experience in technological areas such as GIS, Microsoft, Java, web portals, interactive data visualization, document management, mobility, augmented and virtual reality, all under advanced information security standards.
The operation involves the integration of more than 550 professionals from the Basque technology company. As Constantino Fernández, president of the Altia Group, has highlighted, “Bilbomática’s great experience, especially in the Public Sector, its position in the Basque Country and Navarra, as well as its extensive portfolio of clients and projects in the of the European Union, will allow us to strengthen ourselves as one of the main suppliers of both the Spanish public administrations and the European agencies. It is, without a doubt, the perfect complement to our current offer of services, while at the same time opening up new opportunities for professional and personal development for all the people who are part of Grupo Altia».
Bilbomática closed the year 2021 with revenues of 36.44 million euros and an EBITDA of 2.65 million, while Altia obtained a turnover of 125.9 million euros (129.9 million euros in 2020 ), with a net profit of 8.7 million euros (41% more than in 2020).
Víctor Malpartida and Walter Mattheus, president and CEO of Bilbomática, join Altia and have indicated that “this operation will allow us to boost Bilbomática’s business and continue with its growing trajectory in various geographical areas, reinforcing our customer service capabilities”. “In the same way”, they add, “it is a great opportunity for professional and personal development for our teams, hand in hand with a group with which we share values, strengthening a joint project with wide projection”.
